Zim economy poised for growth : FinMin

FINANCE and Economic Development Minister Prof Mthuli Ncube has said that he expects Zimbabwe to be part of the fastest growing economies in Africa within the next 24 months.

He said this while addressing delegates at Zimbabwe Investors Forum held on the side-lines of the ongoing United Nations 73rd General Assembly in New York.

“Zimbabwe will be joining the group of six countries which have the fastestGrowing economies with a growth rate of six percent per annum which comprise Rwanda, Ghana, Tanzania and Ivory Coast,” said Prof Ncube

“We have a policy direction in terms of our visions which will drive the country to a middle-income by year 2030 through the pillars of stronger governance transparency, macro stability, inclusive growth infrastructure investment and social development,” He said.

President Emmerson Mnangagwa this year launched vision 2030 which will drive the country to a middle-income economy.

While answering questions on Bloomberg Prof Ncube noted that “ Overtime we will move back to a domestic currency but that require certain steps around fiscal consolidation on the government expenditure and revenue front. But also monitory policy consolidation in terms of building blocks full monitory policy.”

The finance minister also retaliated that “ There is no time frame as when the economy will stabilize but we need this to happen sooner than later and we need certain triggers such as making sure that we have a fully monitory policy committee that is working.”